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File #: 18-0957 CRA    Version: 1 Name:
Type: CRA Board Action Status: Agenda Ready
File created: 11/9/2021 In control: Community Redevelopment Agency
On agenda: 11/17/2021 Final action:
Title: APPROVAL OF A COMMERCIAL LEASE AGREEMENT FOR A CRA-OWNED PROPERTY - 182 NW 5 AVENUE
Attachments: 1. Agenda Cover Report, 2. Exhibit A - Jerk & Lime At Nicole's House LLC - Lease Agreement 10.6.21 DRAFT
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO:                                           CRA Board of Commissioners

FROM:                      Alexina Jeannite, Community Engagement Director 

THROUGH:                      Renée A. Jadusingh, Esq., CRA Executive Director

DATE:                      November 17, 2021

 

Title

APPROVAL OF A COMMERCIAL LEASE AGREEMENT FOR A CRA-OWNED PROPERTY - 182 NW 5 AVENUE

 

Body

Recommended Action:

Recommendation

Approve the Commercial Lease Agreement between the CRA and Jerk and Lime at Nicole’s House, LLC (182 NW 5 Avenue), in substantially the attached form.

 

Body

Background:

In February 2021, the CRA issued a Call for Proposals to Lease Commercial Space, with the intent to lease CRA properties¾the Muse and Harvel cottages¾to qualified entities that would enhance business and pedestrian activity in the area.  Permitted commercial uses ranged from retail shops, workspaces, to restaurants and cafés. 

 

The Muse cottage, located at 182 NW 5th Avenue, is located along the historic Northwest Fifth Avenue corridor within the West Settlers Historic District.  There were several respondents to the Call for Proposals and four finalists were invited to present their business ideas at the June 6, 2021 CRA Board meeting.  The CRA Board voted and selected Jerk and Lime at Nicole’s House, LLC to occupy the cottage for the growth and development of their business.

 

At this time, CRA staff is bringing the commercial lease agreement before the CRA Board for approval, in substantially the attached form.

 

Attachments: Exhibit A - Lease Agreement for Jerk and Lime at Nicole’s House, LLC

 

CRA Attorney Review:

The CRA Attorney has reviewed the attached Lease Agreement as to form and determined them to be acceptable.

 

Finance Review:

N/A

 

Funding Source/Financial Impact:

N/A